KKR buying majority of Telefónica Chile fiber network with plans to open access

February 26, 2021

KKR is taking a majority stake in the fiber-optic network of Telefónica Chile (NYSE:TEF) with a plan to create Chile's first open access network.

The transaction is valued about $1B. It's expected to close in the first half of the year.

And Telefónica will retain about 40% of the business. KKR will make the fiber network open access through a newly established independent Chilean company, with assets managed locally.

It will represent the country's first wholesale digital infrastructure network open to all current and future telecom operators.

And the plan is expected to expand broadband coverage from a current 2M households to at least 3.5M households by 2023, while providing wholesale service to more than 40,000 businesses, telecom towers and small cells.

KKR Fundamentals

For this year KKR & Co Inc 's (located in New York City) revenue will be around 4.75 billion USD. This is according to the average of the analysts' estimates. This is slightly more than 2020's revenue of 4.53 billion USD.

Historical revenues and results KKR & Co Inc plus estimates 2020

The analysts expect for 2021 a net profit of 2.2 billion USD. The majority of the analysts expects for this year a profit per share of 2.55 USD. The price/earnings-ratio is then 17.63.

Per share the analysts expect a dividend of 58 cents per share. Thus the dividend yield equals 1.29 percent. The average dividend yield of the support companies equals a poor 1.2 percent.

Based on the current number of shares KKR & Co Inc 's market capitalization equals 25.18 billion USD. The KKR & Co Inc stock was the past 12 months quite unstable. Since last February the stock is even 58 percent higher. This year the stock price moved between 16 and 49 dollar.

Historical stock prices KKR & Co Inc2007-2021

Click here for dividend KKR & Co Inc. On Thursday the stock closed at 44.96 USD.

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